Industry Outlook and Trend Analysis
The Blended Fibers Market was worth USD 28.84 billion in the year 2014 and is expected to reach approximately USD 38.76 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.34% during the forecast period. The worldwide blended fibers market is anticipated to encounter a critical development over the figure time frame. The market is anticipated to be impacted by the increasing consumer purchase through different channels such as online portals, stores and retail channels. Moreover, end of rewinding and extra yarn creation expenses will upgrade mixed strands thereby boosting the growth of blended fibers market. Blended fibers are the combination of various fibers which are blended to achieve a desired product feature. This blending incorporates various unique features within the fiber such as resistance to wrinkling, resistance to color fade, softness, strength, absorbency and ease of washing. Moreover, blended fibers are light weight and have improved weaving, finishing efficiency and uniformity of product.
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Product Outlook and Trend Analysis
On the basis of product, the worldwide blended fibers market is segmented into Cotton/Polyester, Cotton/Polyester/Cellulose, Nylon/Wool and Elastane/Nylon/Cotton and Other Products. Cotton/ Polyester section is expected to contribute highest market share over the forecast period owing to several advantages and applicability offered. Polyester, when mixed with cotton, contributes more quality towards wrinkle protection and shape maintenance as cotton produces comfort alongside high porosity and warmth conduction. Nylon/Wool section is expected to show high growth rate in the upcoming years due to the enhanced warmth and texture, porosity and drape.
Application Outlook and Trend Analysis
The worldwide blended fibers market is segmented into Apparel, Home Furnishing and Technical on the basis of applications. Home furnishing section is expected to demonstrate highest market share over the forecast period owing to the globalization and wider accessibility of home decor products and designs for consumers. Moreover, improvement in lodging and land segments combined with expanding appropriation of naturally inviting items will drive industry development.
Regional Outlook and Trend Analysis
North America held a significant share of the Blended Fibers Market in 2014 due to the increasing awareness of the people towards advantages of blended fibers and increase in disposable income especially among middle income group. The Asia-Pacific market has not experienced any substantial growth due to high pricing and low Government initiatives towards handcrafted products but can experience favorable growth in coming years owing to increasing in disposable income in the region.
Competitive Insights
The market includes various competitors prevailing across regions. The major players in the market are Reliance Industries, Wellspun Industries, Sutlej Textiles and Industries, Hebei Diamond Cashmere Products, Pennine Textiles and Recycling, James Robinson Fibers, National Spinning, The Natural Fibre Company, The Fibre Company and Leigh Fibers.
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The Blended Fibers Market is segmented as follows-
By Product:
Cotton/Polyester
Cotton/Polyester/Cellulose
Nylon/Wool
Elastane/Nylon/Cotton
Other Products
By Application:
Apparel
Home Furnishing
Technical
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
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What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?